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You’ve always dreamed of building your own home? We can help with that! Wherever you are in the process, whether you are looking for land and need help with the land purchase and the build costs, or if you already own the land and need money to get the build started we can assist you. We will explain to you the process, how and when funds are released to you, and how you are charged for this money. If you want to use the Help to Build scheme we can talk you through this process too.
Unlike traditional mortgages, self-build mortgages release funds in stages as the construction progresses. This ensures that funds are available to cover each phase of the building process.
Self-build mortgages are typically offered by specialist lenders who understand the complexities of self-build projects.
Self-build mortgages are based on the anticipated value of the completed property rather than the purchase price. Lenders may provide up to a certain percentage of the total cost, known as the Loan-to-Value ratio.
Lenders will require evidence of planning permission and building regulations approval before releasing funds. It’s essential to have these in place before applying for a self-build mortgage.
We had a client who had the opportunity to purchase a plot of land which had planning permission, it was in the perfect area where they wanted their children to grow up and go to school. This was a perfect opportunity, however, with no previous building experience, they didn’t think this would be possible for them to build their own dream home. However, we were able to source a lender, who was happy to work off the experience of the building company and made their dream a reality!
First charge regulated mortgages – We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.
Second charge regulated mortgages. We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.
BTL & CBTL unregulated mortgages. We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.
Please note that our recommendations with respect to Buy to Let are restricted to helping you arrange a suitable mortgage. We will not advise you about whether or not the property you plan to buy and let out to tenants, will turn out to be a sound investment.
Insurance – We will provide advice and make a personal recommendation for you after we have assessed your need sand circumstances. We provide an intermediary service and act on your behalf.
Mortgages – We are not limited in the range of mortgages we will consider and offer advice on for you with respect to first and second charge regulated mortgage contracts for both business and non-business purposes, as well as unregulated BTL and CBTL mortgage contracts. In circumstances where you are looking to increase existing borrowing, the following options, on which we may not be able to advise, may be more appropriate: A further advance from your existing lender. An unsecured loan.
Insurance – We recommend products based on a fair and personal analysis for term assurance, critical illness, income protection, family income and non-profit whole of life
There are so many Brokers in the market, what makes Your Mortgage Consultants different?
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The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
You may have to pay an early repayment charge to your existing lender if you remortgage.
The Financial Conduct Authority does not regulate some aspects of buy to let mortgages.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Your Mortgage Consultants Limited is registered in England and Wales. No. 14109222. Registered Office: 41-43 Market Place, Chippenham, Wiltshire, SN15 3HR.
Your Mortgage Consultants Limited is an Appointed Representative of Cornerstone Finance Group Ltd, which is authorised and regulated by the Financial Conduct Authority.
Cornerstone Finance Group Ltd is registered in England & Wales. No. 08458702. Registered Office: Unit E Copse Walk, Pontprennau, Cardiff, Wales, CF23 8RB.
Your Mortgage Consultants Limited (No. 979284) and Cornerstone Finance Group Ltd (No. 767202) are entered on the Financial Services Register at https://register.fca.org.uk/
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